Weekly Performance
Dow +0.99% S&P +0.81% Nasdaq +1.19% Russell +0.80% BRazil +1.80% MExixo +1.49% Nikkei +2.44% Hang Seng +1.93% CSI +1.46% Shanghai +1.80% EuroStoxx -0.07% (-1.41% in $) FTSE +0,98% CAC +0.06% Dax +0.13% (-1.21%) Ibex -0.89% MIB -1.33% SMI +1.26% (+0.31% in $)
US stock markets had a bumpy ride this week succumbing to lingering geopolitical concerns in the first part of the week. Indices pushed away from early highs and money flowed into the arms of global bond markets. The US 10-year yield drifted back towards the early 2017 low, briefly dropping below 2.35%, while oil prices dipped and gold jumped. Polling data ahead of key European elections and more awkward rumblings from the Trump administration were ultimately pushed aside and reflation trades resurfaced. The DJIA, S&P and the NASDAQ made runs to fresh all-time highs before the week’s end and the flows into Treasuries were unwound. For the week, the DJIA gained 1%, the S&P500 added 0.8%, and the Nasdaq rose 1.2%.
Macro :
- Gulf Stocks Rise With Oil; Kuwait Bucks Agility Slide
- Swiss Reject Tax Reform, Threatening Country’s Competitive Edge
- ECB Rate Pledge Could Be German Solace as Bond Buying Continues
- Swiss Corporate-Tax Vote Threatens Nation’s Competitive Edge
- Fed’s Tarullo Stepping Down as Top Regulator of Wall Street
- Russia’s Novak Sees Chance to Extend Oil Cuts With OPEC: RIA
- Juncker Tells Deutschlandfunk He Won’t Run for Second Term
13F Filing :
- Bridgewater Added UNH, AET, SPG, KORS, MCO in 4Q: 13F
- Marshall Wace Added TXN, PFE, PNC, GPOR, STWD in 4Q: 13F
- Perry Reduced ALLY in 4Q: 13F
- Third Point Added JPM, BAC, ZAYO, HON, ANTM in 4Q: 13F
- Van Eck Added GPL, GSS, DRD, MDLZ, PDCO in 4Q: 13F
Keep an eye on :
- III LN : Agent Provocateur potential bidders include Lion Capital, Etam, Endless
- ABE SM : M6 Toll Road owners considering refinancing after bids fall short of GBP 1.9bn asking price; Abertis bid rejected - FT - http://on.ft.com/2khaNEh
- AF FP : Janaillac Wants KLM Supervisory Board Membership: Telegraaf
- AGMBEUR XD : Aeroporto Bologna Sees Rev., Profit Up in 2016 Y/y: Sole
- AAPL US : Apple CEO: AR Is ‘Big Idea Like Smartphone’, Independent Says
- BCP PL : Banco Comercial Won’t Need a New Capital Increase, Expresso Says
- BARC LN : Barclays Said to Consider Freezing CEO Staley’s Pay: Sky News
- BAMI IM : Castagna Rules Out Cap. Increase for Banco BPM: Ansa
- BMPS IM : MPS Aims to Get EU Approval for Plan by Early March: Messaggero
- BARN SW : Ivorian Cocoa Shippers Said Unable to Honor 80% of Contracts
- BAS GY : BASF: Some Operations Interrupted Due to Tech Defect on Feb. 11
- BMPS IM : Monte Paschi May Opt for Block Sale of NPLs, Sole 24 Ore Says
- CRG IM : Carige NPLs Sale May Not Take Place Before April: Ansa, Carige Aims to Sell EU2b of NPLs by Yr End, Sole Reports
- CAT US : Caterpillar Jumps as Evercore Sees 2018 EPS Growth Above 65%
- CX US : Cemex Unit to Sell Ohio Assets to Eagle Materials for $400m
- CSGN VX : Finma Said to Mull Tough Rules for Credit Suisse Unit, FUW Says
- DB1 GY : Deutsche Boerse Says It Has Made Clear It Is Cooperating Fully
- DWNI GY : Deutsche Wohnen Looks Very Good for Meeting Guidance: CFO in BZ
- TAM FP : Agent Provocateur potential bidders include Lion Capital, Etam, Endless - Sky News
- FINGB SS : Fingerprint Cards Ex-CEO Lantto Sold 836,500 Shares in Jan.: DI
- F US : Ford is putting $1 billion into an AI startup, Detroit's biggest investment yet in self-driving car tech _ Recode
- G IM : Generali targets deeper cuts in attempt to stay independent - FT - http://on.ft.com/2kWlX3a {NSN OL9LQI6TTDSI <GO>}
- GFK GY : KKR Secures 18.5% Acceptance for GfK Bid, Extends Tender Period
- KORS US : Michael Kors Falls; Says Technical Issue to Delay Form 10-Q
- LEON SW : Leonteq CEO Says Company May Make A Loss in 2017: FuW
- LISP SW : Ivorian Cocoa Shippers Said Unable to Honor 80% of Contracts
- OR FP : Investors Weigh Bids for L’Oreal’s Body Shop, Sunday Times Says
- MSY LN : Consider stock mkt listing, bought by Vista in 03/2012 for GBP1.32bil
- NESN VX : Ivorian Cocoa Shippers Said Unable to Honor 80% of Contracts
- ORA FP : The framework of the discussions is clear between Orange and Canal + - Les Echos - http://bit.ly/2kkxgjv
- RBS LN : RBS May Cut Up to 15,000 Jobs, Close Branches, S. Times Says
- REA BB : Recticel and RealDolmen rumoured to be up for sale and/or delisting - http://bit.ly/2kDnpcd
- REC BB : Recticel and RealDolmen rumoured to be up for sale and/or delisting - http://bit.ly/2kDnpcd
- RB/ LN : Mead Johnson/Reckitt Has High Likelihood of Completion, UFP Says
- RB/ LN : Reckitt Investors Urge Tougher Bonus Scheme, S. Times Reports
- RNO FP : CEO says closer ties with Nissan possible if French government sells stake FT - http://on.ft.com/2lAbr0C
- QSR CN : Restaurant Brands Top Holder Pershing Square Reports 18.1% Stake
- RR/ LN : Rolls-Royce Plans to Release Crewless Ships by 2020, Sky Says
- SLE LN : San Leon Energy receives bid approach from second Chinese company - Irish Times
- SAN FP : Sanofi hires Messier Maris to conduct CEPiA sale - MergerMarket
- SKY LN : U.S. Hedge Funds Buy Stakes in Sky on Winning Fox Bet: Telegraph
- SAZ GY : Stada Arzneimittel Said to Receive EU3.6b Cinven Bid: FT - http://on.ft.com/2lF6nZB
- STL NO : Statoil CEO: Never Had Portfolio w/ Higher Quality Than Now: DN
- TEMN SW : Temenos Expects to Expand N. America Business: Mossman in FuW
- TWX US : Warner Bros. Says Prince Catalog on Streaming Services Today
- VIV FP : SoundCloud COO Strigel, Fin Director Harder Leave Co.: FT
- VOW3 GY : German Lawmaker Criticizes Piech Refusal to Testify: Funke
- VOW3 GY : Lower Saxony PM Doesn’t Rule Out More Setbacks in VW Case: RND
- WMH LN : Biggest William Hill Investor Urges Sale, Sunday Times Reports